by Fresh Start Tax | May 15, 2013 | Sales Tax
Ft.Lauderdale – Sales Tax Audits – Affordable Sales Tax Experts, Attorneys, CPA’s, Former Agents 954-492-0088
Due the shortfall with the Department of Revenue in the State of Florida many more sales tax audits are expected. Also due to the transient nature of businesses in Fort Lauderdale and the surrounding area, the Department of revenue wants to stay on top of businesses that owe sales tax in real time. Many times by the time the state of Florida begins the sales tax audit the company is closed or out of business and the officers can no longer be found.
By nature sales tax audits take place 2 to 3 years after the fact.
Both the federal government and the state government are putting programs together to make sure that businesses that owe sales tax are in compliance in real time.
We will be seeing a huge shift in sales tax audits and we have in the past.
We are comprised of tax attorneys, tax lawyers, certified public accountants, enrolled agents and former IRS agents and managers who know the sales tax system.
We can help walk you through a sales tax audit and should you owe any money to the Department of revenue we will be able to work out a tax settlement for you.
We have been practicing right here in South Florida since 1982 in our A+ rated by the Better Business Bureau. We have over 206 years of professional tax experience and we should be able to make this a painless process for you and your business.
Why you get a Sales Tax Audit from the State of Florida
Why Are Taxpayers Audited?
The state of Florida, Department of revenue audits taxpayers to:
- Enforce Florida tax laws uniformly.
- Promote voluntary compliance.
- Educate businesses and individual taxpayers.
The State of Florida accepts most tax returns as filed however they sales tax audit some returns to verify accuracy and evaluate compliance.
Sales Tax Audits do not always result in the taxpayer owing additional tax, penalty or interest.
The auditor may adjust a credit carryover or correct distribution without assessing additional tax.
The auditor may even determine that a refund is due.
How Are Taxpayers Selected for Sales Tax Audit?
The methods for selecting a business or individual to audit vary from tax to tax.
Here are some examples of sources we use to identify a potential sales tax audit candidate:
- Internal Revenue Service information.
- Information sharing programs with other states and state agencies.
- Computer-based random selection.
- Analysis of Florida tax return information.
- Business publications, periodicals, journals, and directories.
What Types of Records Will I Need to Provide for the Sales Tax Audit for the Department of Revenue?
When the State notifies you of our intent to audit they will also tell you what records you will need to provide.
The types of sales tax records may include, but are not limited to:
- General ledgers and journals
- Cash receipt and disbursement journals
- Purchase and sales journals
- Sales tax exemption or resale certificates
- Other documentation to verify amounts entered on tax returns
Record Keeping for the State of Florida
You must keep your records for three years since an audit can extend back that far.
The Department may audit for periods longer than three years if you did not file, or filed a substantially incorrect return or payment.
What Are My Rights During an Sales Tax Audit?
The Florida Taxpayer’s Bill of Rights provides protection for taxpayers’ privacy and assets during their interactions with Revenue employees.
Your rights include:
- The right to fair treatment.
- The right to get available information and prompt, accurate responses to your questions.
- The right to have the Department begin and complete its audit in a timely manner after we notify you of our intent to audit.
- The right to get simple, nontechnical statements which explain the reason for audit selection and the procedures, remedies, and rights available during audit, appeals, and collection proceedings.
Communicating and Meeting Deadlines
Throughout the audit process, communication is vital.
After we send you a Notice of Intent to Audit Books and Records, the auditor will work with you to set a date to begin the audit.
The auditor will give you deadlines for providing information or documentation. If you need additional time to prepare, or need to request a delay for other reasons, contact the auditor. The auditor will make every effort to accommodate your requests.
If you fail to respond or provide the requested information, we may issue an assessment and file a warrant based on the best available information.
Can I Request Technical Assistance During the Sales Tax Audit?
When there are transactions or issues for which the tax consequences are questionable, you may ask for a written statement of our position any time during the audit. Our office of Technical Assistance and Dispute Resolution will issue a Technical Assistance Advisement (TAA), which is binding on the Department.
Contact us today to learn more about sales tax audits if you live in the South Florida area. We are one of the most experienced professional tax firms and can help you through all phases of the sales tax audit including sales tax appeals or sales tax settlements. We are your affordable solutions when choosing a professional tax team and firm.
Ft.Lauderdale – Sales Tax Audits – Affordable Sales Tax Experts, Attorneys, CPA’s, Former Agents
by Fresh Start Tax | May 15, 2013 | Sales Tax
Miami – Sales Tax Audits – Affordable Attorneys, CPA’s, Former Agents – Sales Tax Experts 954-492-0088
If you are going to experience a sales tax audit contact us today for an initial tax free consultation. Let us stop the worry and the stress that comes from the situations because we’ve been handling these IRS sales tax audits since 1982.
We have over 206 years of professional tax experience and have over 60 years of working directly for the government agencies.
We are comprised of tax attorneys, tax lawyers, certified public accountants, enrolled agents and former IRS audit managers.
We have an A+ rating by the Better Business Bureau I have been practicing right here in South Florida since 1982.
Why you get a Sales Tax Audit
Why Are Taxpayers Audited for Sales Tax in Miami?
The state of Florida, Department of revenue audits taxpayers to:
- Enforce Florida tax laws uniformly.
- Promote voluntary compliance.
The State of Florida accepts most tax returns as filed however they audit some returns to verify accuracy and evaluate compliance.
Audits do not always result in the taxpayer owing additional tax, penalty or interest.
The auditor may adjust a credit carryover or correct distribution without assessing additional tax. The auditor may even determine that a refund is due.
How Are Taxpayers Selected for a Sales Tax Audit in Miami?
The methods for selecting a business or individual to audit vary from tax to tax. Here are some examples of sources we use to identify a potential audit candidate:
- Internal Revenue Service information.
- Information sharing programs with other states and state agencies.
- Computer-based random selection.
- Analysis of Florida tax return information.
- Business publications, periodicals, journals, and directories.
What Types of Records Will I Need to Provide for the Sales Tax Audit?
When the State notifies you of our intent to sales tax audit they will also tell you what records you will need to provide.
The types of records may include, but are not limited to:
- General ledgers and journals
- Cash receipt and disbursement journals
- Purchase and sales journals
- Sales tax exemption or resale certificates
- Property records (not limited to Miami area )
- Other documentation to verify amounts entered on tax returns
Record Keeping
You must keep your records for three years since an audit can extend back that far.
The Department may audit for periods longer than three years if you did not file, or filed a substantially incorrect return or payment.
What Are My Rights During an Sales Tax Audit?
The Florida Taxpayer’s Bill of Rights provides protection for taxpayers’ privacy and assets during their interactions with Revenue employees.
Your rights include:
- The right to fair treatment.
- The right to get available information and prompt, accurate responses to your questions.
- The right to have the Department begin and complete its audit in a timely manner after we notify you of our intent to audit.
- The right to get simple, nontechnical statements which explain the reason for audit selection and the procedures, remedies, and rights available during audit, appeals, and collection proceedings.
Communicating and Meeting Deadlines
Throughout the audit process, communication is vital.
After we send you a Notice of Intent to Audit Books and Records, the auditor will work with you to set a date to begin the audit.
The auditor will give you deadlines for providing information or documentation. If you need additional time to prepare, or need to request a delay for other reasons, contact the auditor. The auditor will make every effort to accommodate your requests.
If you fail to respond or provide the requested information, we may issue an assessment and file a warrant based on the best available information.
Can I Request Technical Assistance During the Audit?
When there are transactions or issues for which the tax consequences are questionable, you may ask for a written statement of our position any time during the audit. Our office of Technical Assistance and Dispute Resolution will issue a Technical Assistance Advisement (TAA), which is binding on the Department.
If you live in the Miami or South Florida area contact us today if you are undergoing a sales tax audit. We are comprised of attorneys, CPAs and former agents.
We are sales tax experts.
Miami – Sales Tax Audits – Affordable Attorneys, CPA’s , Former Agents – Sales Tax Experts
by Fresh Start Tax | Apr 24, 2013 | Sales Tax
Sales Tax Audits – Sales Tax Experts, Affordable – Ft.Lauderdale, Miami, Palm Beaches 954-492-0088
If you have been notified that State of Florida Department of Revenue is conducting a sales tax audit contact us today for expert sales tax defense.
We have over 206 years of professional tax experience in over 60 years of working directly for government agencies right here in South Florida. We are true tax experts.
We are comprised of tax attorneys, certified public accountants, former IRS agents and managers. We are tax experts in sales tax audits.
You can contact us today for an initial tax consultation. We will review your case and give you an expert opinion on how to proceed forward on your sales tax audit.
The best advice that we give our clients is not to get too worried.
Due to our years of experience we can handle the situations without fear or worry for clients.
So, Why Are Taxpayers Audited by the State of Florida?
The State of Florida conducts Sales Tax Audits for many reasons. Some of them are to:
1. Enforce Florida tax laws uniformly.
2. Deter tax evasion.
3. Promote voluntary compliance.
4. Educate taxpayers.
While the State of Florida accept most tax returns as filed, they audit some returns to verify accuracy and evaluate compliance. The state of Florida runs different compliance programs to make sure different industries are in check and paying their share of sales tax.
Sales Tax Audits do not always result in the taxpayer owing additional tax, penalty or interest. The sales tax auditor may adjust a credit carryover or correct distribution without assessing additional tax. The auditor may even determine that a refund is due.
How Are Taxpayers Selected for Audit?
The methods for selecting a business or individual to audit vary from tax to tax and from industry to industry. Management for sales tax runs a variety of programs based on geographic territories and compliance programs especially in area where they feel negligence is apparent. At the end of every year the state of Florida sets out its goal and mission for the following year and make sure there is an equal weight of sales tax audits among all companies and types of businesses throughout the state of Florida.
Here are some examples of sources we use to identify a potential Sales Tax audit candidate:
a. Internal Revenue Service information.
b. Information sharing programs with other states and state agencies.
c. Computer-based random selection.
d. Analysis of Florida tax return information.
e. Business publications, periodicals, journals, and directories.
What Types of Records Will I Need to Provide?
When we notify you of our intent to audit, we will also tell you what records you will need to provide. Sometimes the auditor may ask a few records and other times you will find a voluminous amount of records will be requested by the sales tax auditor.
The types of records may include, but are not limited to:
a. General ledgers and journals
b. Cash receipt and disbursement journals
c. Purchase and sales journals
d. Sales tax exemption or resale certificates
e. Florida tax returns
f. Federal tax returns
g. Depreciation schedules
h. Property records
i. Other documentation to verify amounts entered on tax returns
You must keep your records for three years since an audit can extend back that far. The Department may audit for periods longer than three years if you did not file, or filed a substantially incorrect return or payment.
What Are My Rights During an Audit?
The Florida Taxpayer’s Bill of Rights provides protection for taxpayers’ privacy and assets during their interactions with Revenue employees.
Your Taxpayers rights include:
1. The right to fair treatment.
2. The right to get available information and prompt, accurate responses to your questions.
3. The right to have the Department begin and complete its audit in a timely manner after we notify you of our intent to audit.
4. The right to get simple, nontechnical statements which explain the reason for audit selection and the procedures, remedies, and rights available during audit, appeals, and collection proceedings.
Communicating and Meeting Deadlines
Throughout the audit process, communication is vital. It is important for the taxpayer never to miss a compliance date whatsoever. Should you miss a date the state has the ability to set the tax deficiencies.
After we send you a Notice of Intent to Audit Books and Records, the auditor will work with you to set a date to begin the audit.
The auditor will give you deadlines for providing information or documentation.
If you need additional time to prepare, or need to request a delay for other reasons, contact the auditor.
If you fail to respond to the Auditor Request
The auditor will make every effort to accommodate your requests. If you fail to respond or provide the requested information, we may issue an assessment and file a warrant based on the best available information.
Can I Request Technical Assistance During the Audit?
When there are transactions or issues for which the tax consequences are questionable, you may ask for a written statement of our position any time during the audit.
Our office of Technical Assistance and Dispute Resolution will issue a Technical Assistance Advisement (TAA), which is binding on the Department.
We encourage you to use our Tax Law Library to research the issue before requesting technical assistance.
What Happens When the Audit is Complete?
After your audit is complete, you can review the audit findings and proposed changes to your tax liability. The auditor will give you a copy of the work papers and explain your rights, including deadlines for filing protests.
If you agree with the findings of the sales tax audit
If you agree with the audit findings, we expect you to pay the amount due in full. You have the right to protest the proposed changes if you disagree with them.
Self-Audit/Self-Analysis
The Department uses self-audit or self-analysis projects to educate taxpayers on issues related to a particular compliance problem or industry. We send selected taxpayers information about a specific tax or issue, user-friendly instructions, and simple worksheets.
We ask them to review the materials, complete the worksheets, calculate any additional tax due, and return the paperwork to us with payment. The auditor has limited contact with the taxpayer and does not visit the taxpayer’s location. The Department usually accepts the taxpayer’s responses.
However, participation in a self-audit/self-analysis does not exempt the taxpayer from further audit review of the same time period.
Sales Tax Audits – Sales Tax Experts, Affordable – Ft.Lauderdale, Miami, Palm Beaches
by Fresh Start Tax | Feb 5, 2013 | Sales Tax
Owe Florida Sales Tax – Sales Tax Experts – File, Settle, Tax Audits 1-866-700-1040
We are Sales Tax Experts. A plus Rated by the BBB.
If you owe back to sales tax or have to file back tax returns contact us today and hear all the tax options available for you to go ahead and settle your case with sales tax.
There are many tax options available and after hearing about your individual in particular case we can develop a solution specifically for you.
We are also experts in the field of sales tax audit. Call us today for free tax consultation and here all the options available for you to go ahead and settle your case.
The worry and stress free. Letter years of tax experience work for you.
We are comprised of Tax Attorneys, CPAs, and former government agents. We have over 206 years of professional tax experience and over 60 years of working directly for the government in handling and dealing with tax problems.
We have been former agents, managers, instructors and appellate agents.
We can completely and permanently resolve any sales tax or federal tax issues that you may have.
Please call us today for free tax consultation about any sales tax issue you are having and you will speak directly to an attorney CPA or former government agent.
Do not let these problems worry you nor cause fear in your life.
After one call to our firm you’ll feel very relieved that we cannot only handle your problem but for affordable pricing resolve the issue so you can get on your life.
Stop your worrying today. the true tax experts resolve your sales tax problems.
Filing Back Sales Tax Returns
If you need to file back Sales Tax Returns and you have very little tax records we can reconstruct any tax returns that need to be filed. There is no need to worry about not having records can is we are experts in tax reconstruction.
Owe Back Sales Taxes
If you owe back taxes we can work out an installment agreement or we can contact the state and find out about their settlement tax procedures and go ahead and reduce the liability to the lowest amount allowed by the law when possible.
You must be a qualified candidate.
Why do the STATE Governments follow up:
A. Enforce all State tax laws uniformly.
B. Deter State of Federal tax evasion.
C. Promote voluntary compliance.
D. Educate taxpayers.
State Filed Tax Returns
While State Governments accept most tax returns as filed, they audit some returns to verify accuracy and evaluate compliance.
State Tax Audits do not always result in the taxpayer owing additional tax, penalty or interest. The auditor may adjust a credit carryover or correct distribution without assessing additional tax.
The Sales Tax auditor may even determine that a refund is due.
So, How and Why Are State Taxpayers Selected for Audit?
The methods for selecting a business or individual to audit vary from tax to tax.
Here are some examples of sources we use to identify a potential audit candidate:
1. Internal Revenue Service information.
2. Information sharing programs with other states and state agencies.
3. Computer-based random selection.
4. Analysis of State tax return information.
5. Business publications, periodicals, journals, and directories.
What Types of Sales Tax Records Will I Need to Provide for Issues regarding Sales Tax Problems?
When a State Agency notifies you of our intent to audit, the State will usually will also tell you what records you will need to provide. The types of records may include, but are not limited to:
a. General ledgers and journals
b. Cash receipt and disbursement journals
c. Purchase and sales journals
d. Sales tax exemption or resale certificates
e. State tax returns
f. Federal tax returns
g. Depreciation schedules
h. Property records
i. Other documentation to verify amounts entered on tax returns.
How long should you keep Sales Tax Records?
This changes from state to state but generally, you must keep your records for three years since an audit can extend back that far. Remember each state has different requirements.
The different State Departments may audit for periods longer than three years if you did not file, or filed a substantially incorrect return or payment.
What Are My Rights During an Sales Tax Audit?
States vary from State of State.
Generally there are a Bill of Rights that provides protection for taxpayers’ privacy and assets during their interactions with Revenue employees.
Your rights will generally include:
a. The right to fair treatment.
b. The right to get available information and prompt, accurate responses to your questions.
c. The right to have the Department begin and complete its audit in a timely manner after we notify you of our intent to audit.
d. The right to get simple, nontechnical statements which explain the reason for audit selection and the procedures, remedies, and rights available during audit, appeals, and collection proceedings.
State laws vary State to State. What applies in one state may not apply in another state. That’s why it is best to seek professional tax help on any issues that you may have in filing, owing back taxes, being involved in state tax audits, or settling back state tax issues.
Contact Fresh Start Tax LLC today for free tax consultation. We are A+ rated by the Better Business Bureau.
Areas of Professional Tax Practice:
Same Day IRS Tax Representation
Offers in Compromise or IRS Tax Debt Settlements
Immediate Release of IRS Bank Levies or IRS Wage Garnishments
Tax Relief from a IRS Bill, Letter or Notice of “Intent to Levy”
IRS Tax Audits
IRS Hardships Cases or Unable to Pay
Payment Plans, Installment Agreements, Structured agreements
Abatement of Penalties and Interest
State Sales Tax Cases
Payroll / Trust Fund Penalty Cases / 6672
Filing Late, Back, Unfiled Tax Returns
Tax Return Reconstruction if Tax Records are lost or destroyed
Our Company Resume: ( Since 1982 )
Our staff has collectively over 205 years of Professional IRS Tax Representation Experience
On staff, Board Certified Tax Attorney’s, IRS Tax Lawyers, Certified Public Accountants, Enrolled Agents,
We taught Tax Law in the IRS Regional Training Center
Former IRS Agents, Managers and Instructors with over 60 years experience in the local, district and regional IRS offices.
Highest Rating by the Better Business Bureau “A” Plus
Fast, affordable, and economical
Licensed and certified to practice in all 50 States
Nationally Recognized Veteran /Published Former IRS Agent
Nationally Recognized Published EZINE Tax Expert
As heard on GRACE 90.3 Net Monthly Radio Show-Business Weekly
Owe Sales Tax – Sales Tax Experts – File, Settle, Tax Audits
by Fresh Start Tax | Jan 28, 2013 | Sales Tax
Sales Tax Problems – File, Owe, Audit, Settle Sales Tax Experts 1-866-700-1040
We are comprised of tax attorneys, CPAs, and former government agents. We have over 206 years of professional tax experience and over 60 years of working directly for the government in handling and dealing with tax problems.
We have been former agents, managers, instructors and appellate agents.
We can completely and permanently resolve any sales tax or federal tax issues that you may have.
Please call us today for free tax consultation about any sales tax issue you are having and you will speak directly to an attorney CPA or former government agent.
Do not let these problems worry you nor cause fear in your life.
After one call to our firm you’ll feel very relieved that we cannot only handle your problem but for affordable pricing resolve the issue so you can get on your life.
Stop your worrying today. the true tax experts resolve your sales tax problems.
Filing Back tax Returns
If you need to file back sales tax returns and you have very little tax records we can reconstruct any tax returns that need to be filed.
Owe back taxes
If you owe back taxes we can work out an installment agreement or we can contact the state and find out about their settlement tax procedures and go ahead and reduce the liability to the lowest amount allowed by the law when possible. You must be a qualified candidate.
Why do the STATE Governments follow up:
A. Enforce all State tax laws uniformly.
B. Deter State of Federal tax evasion.
C. Promote voluntary compliance.
D. Educate taxpayers.
State Filed Tax Returns
While State Governments accept most tax returns as filed, they audit some returns to verify accuracy and evaluate compliance.
State Tax Audits do not always result in the taxpayer owing additional tax, penalty or interest. The auditor may adjust a credit carryover or correct distribution without assessing additional tax. The auditor may even determine that a refund is due.
So, How and Why Are State Taxpayers Selected for Audit?
The methods for selecting a business or individual to audit vary from tax to tax.
Here are some examples of sources we use to identify a potential audit candidate:
1. Internal Revenue Service information.
2. Information sharing programs with other states and state agencies.
3. Computer-based random selection.
4. Analysis of State tax return information.
5. Business publications, periodicals, journals, and directories.
What Types of Records Will I Need to Provide for Issues regarding Sales Tax Problems?
When a State Agency notifies you of our intent to audit, the State will usually will also tell you what records you will need to provide. The types of records may include, but are not limited to:
a. General ledgers and journals
b. Cash receipt and disbursement journals
c. Purchase and sales journals
d. Sales tax exemption or resale certificates
e. State tax returns
f. Federal tax returns
g. Depreciation schedules
h. Property records
i. Other documentation to verify amounts entered on tax returns.
How long should you keep records
Generally, you must keep your records for three years since an audit can extend back that far.
The Department may audit for periods longer than three years if you did not file, or filed a substantially incorrect return or payment.
What Are My Rights During an Audit?
States vary from State of State. Generally there are a Bill of Rights that provides protection for taxpayers’ privacy and assets during their interactions with Revenue employees.
Your rights will generally include:
a. The right to fair treatment.
b. The right to get available information and prompt, accurate responses to your questions.
c. The right to have the Department begin and complete its audit in a timely manner after we notify you of our intent to audit.
d. The right to get simple, nontechnical statements which explain the reason for audit selection and the procedures, remedies, and rights available during audit, appeals, and collection proceedings.
State laws vary State to State. What applies in one state may not apply in another state. That’s why it is best to seek professional tax help on any issues that you may have in filing, owing back taxes, being involved in state tax audits, or settling back state tax issues.
Rest assure that you will be treated fairly, with the most courtesy, and with fair and affordable billing.
Contact us today for free tax consultation. We are A+ rated by the Better Business Bureau.
Areas of Professional Tax Practice:
- Same Day IRS Tax Representation
- Offers in Compromise or IRS Tax Debt Settlements
- Immediate Release of IRS Bank Levies or IRS Wage Garnishments
- Tax Relief from a IRS Bill, Letter or Notice of “Intent to Levy”
- IRS Tax Audits
- IRS Hardships Cases or Unable to Pay
- Payment Plans, Installment Agreements, Structured agreements
- Abatement of Penalties and Interest
- State Sales Tax Cases
- Payroll / Trust Fund Penalty Cases / 6672
- Filing Late, Back, Unfiled Tax Returns
- Tax Return Reconstruction if Tax Records are lost or destroyed
Our Company Resume: ( Since 1982 )
- Our staff has collectively over 205 years of Professional IRS Tax Representation Experience
- On staff, Board Certified Tax Attorney’s, IRS Tax Lawyers, Certified Public Accountants, Enrolled Agents,
- We taught Tax Law in the IRS Regional Training Center
- Former IRS Agents, Managers and Instructors with over 60 years experience in the local, district and regional IRS offices.
- Highest Rating by the Better Business Bureau “A” Plus
- Fast, affordable, and economical
- Licensed and certified to practice in all 50 States
- Nationally Recognized Veteran /Published Former IRS Agent
- Nationally Recognized Published EZINE Tax Expert
- As heard on GRACE 90.3 Net Monthly Radio Show-Business Weekly
Sales Tax Problems – File, Owe, Audit, Settle – Sales Tax Experts
by Fresh Start Tax | Jan 3, 2013 | New Jersey Tax, Sales Tax
New Jersey Sales Tax Audit – Owe Back Sales Tax – Essex, Morris, Bergen, Passaic, Union – New Jersey 1-866-700-1040
We have over 206 years of professional tax experience and over 60 years of direct work experience with the IRS and worked in relationship with State Agencies.
If you have a pending issue with the State of New Jersey and are going to experience a tax audit or owe back taxes call us today and start the process of getting immediate tax relief through experienced Tax Attorneys, Tax Lawyers, CPA’s and Former IRS Agents.
We are a local professional tax firm and are available for a no cost professional tax consultation.
New Jersey Sales Tax
New Jersey Sales Tax consists of twenty-one field audit teams strategically located throughout the State of New Jersey. Field Audit district offices are located in Trenton (Hamilton Township), Newark, Toms River, Camden and Northfield.
In-State Field Audit is responsible for the examination of taxpayer’s books and records to ensure compliance with existing laws and regulations.
Tax Audits are usually performed on site at the taxpayer’s place of business or at sites provided by the taxpayer’s representative.
Audits are comprehensive in nature and intended to include all taxes administered by the Division of Taxation, however their primary focus is on Sales and Use Tax and Corporation Business Tax.
In addition to the State of New Jersey audit significance given to medium and larger sized entities, the Division has recently placed a special emphasis on the audit of smaller “cash” type businesses.
The initiation of the cash audit program was intended to strengthen compliance and collection efforts as well as level the playing field for compliant businesses. Since it’s inception in 1996 cash audit and compliance efforts have become an integral part of Field Audit operations and have collected billions of dollars for the State.
Voluntary Disclosure Policy – Contact the State before they contact you.
The Voluntary Disclosure Program is not available to any taxpayer who is currently under criminal investigation, has been contacted by the Division regarding delinquencies or deficiencies or is amending a previously filed individual return.
The Division will consider requests from New Jersey residents as well as New Jersey non-residents. All taxpayers should be represented by professional council.
All requests for a Voluntary Disclosure Agreement must be made in writing detailing the tax years involved and the reason for not filing.
These requests will be reviewed and the Division will make a determination whether a Voluntary Disclosure Agreement can be offered to the taxpayer. If a formal investigation has been opened up many times it is to late to bargain.
If a Voluntary Disclosure Agreement is appropriate, a letter of confirmation will be sent. If the request has been made anonymously, the taxpayer must disclose his or her name, address and social security number to the Division once the confirmation letter from the Division has been received.
An agreement will then be drafted by the STATE and returned to the taxpayer for his or her signature. All copies of the taxpayer signed agreement will be returned by the Taxpayer to the Division along with the returns and payment of tax.
The Division will waive the late filing and late payment penalties related to the tax years included in the agreement.
The taxpayer will then be assessed a 5% post amnesty penalty (for any amnesty eligible year) and statutory interest.
After all returns, tax, applicable penalties and statutory interest have been received by the Division, a fully executed agreement will be returned to the taxpayer.
In addition to the conditions outlined above, the taxpayer ( individual or business ) is expected to remain compliant with all future tax obligations.
As an alternative to the Voluntary Disclosure Program, the Division is willing to enter
into negotiations leading to a Taxpayer specific closing agreement with a Taxpayer who is prepared to come forward with full disclosure of all pertinent information. Many times this may be the best available option.
Warning – It is always best to be represented by professional and experienced Council. Free tax consultations. We are a local tax firm.
New Jersey Sales Tax Audit – Owe Back Sales Tax – Essex, Morris, Bergen, Passaic, Union – New Jersey – Sales Tax Experts NJ 1-866-700-1040
